Southern Adelaide Economic Development Plan

1 SouthernAdelaide Economic Development Plan Thriving Southern Adelaide Prosperous South AustraliaContents03 Vision and Objectives04 Welcome to Southern Adelaide 06 A Strong Economic Foundation18 Economic Drivers 10 Five Economic Priorities12 Southern Adelaide Plan 14 Board Members02 ObjectivesCollaborate and advocate throughout government, business, education, community and not-for-profit organisations to realise the full Economic potential of our communities and our unique region. Build on the region s competitive advantages by supporting innovation and diversification in the local Adelaide offers an unparalleled quality of life, smart and connect communities, a resilient and growing economy, and is SA s most accessible and appealing tourism GovanChair, Southern Adelaide Economic Development BoardKris HannaMayor, City of MarionLorraine RosenbergMayor, City of OnkaparingaSouthern Adelaide is home to more than 363,000 people and an increasing number of diverse and modern businesses.

2 It covers an area of about 660 square kilometres, stretching from the historic suburb of Glandore to the pristine beaches of new Southern Adelaide Economic Development Board is proud to represent a region that is rich in skills, infrastructure, natural environment, and importantly, significant potential. The Board has a new vision, new priorities, and a new outlook that reflects the region s growing confidence. Backed by two future-focused councils, Marion and Onkaparinga, the Board is committed to working with government, the private sector, educational institutions, and the community.

3 Welcome to Southern Adelaide the best place to invest, visit, work, live, and do business. 04By providing strong leadership and an independent voice for Southern Adelaide , the Board aims to build the local economy and create jobs, which will in turn benefit all South Australians. The message is simple - Adelaide s south is a great place to invest, visit, work, live, and do business. Our Economic base includes food, wine, tourism, advanced manufacturing, clean energy, retail, professional services, education and ageing well. We are also home to Tonsley, Australia s first innovation enjoy an enviable lifestyle with easy access to a beautiful coastline, entertainment precincts, higher education, modern sporting and community facilities, affordable housing, and integrated transport.

4 This plan shows how the Board is working to grow prosperity in the region. Five Economic priorities have been developed, building on the region s strengths and support investment in infrastructure and innovation. They are:1. Development of growth precincts2. A regional approach to the visitor and lifestyle economy3. An integrated transport and infrastructure plan4. A healthy and active business community5. Creation of a smart regionWe invite businesses, the State and Federal Governments and the community to join us. Together, we will help Southern Adelaide to of the EconomyGross Regional Product$12 billionBusinesses53,638 businesses* ExportsGoods and services $4 billionPopulation355,549 people*A Strong Economic FoundationSource: Data is from Census 2011, unless stipulated by *, which is Census 2016.

5 06 Key Industries1 Manufacturing2 Professional Services3 Construction4 Ageing Well5 Retail6 Education and Training7 TourismGrowth Industries1 Advanced Manufacturing2 Lifestyle and Visitor Economy3 Sustainability and Circular Economy4 Professional, Scientific and Technical Services5 Ageing WellVisitor Economy Generates $1bn of value Over 6,175 jobs supported Average spend per stay for a domestic visitor is $694 and an international visitor is $1736 Jobs 93,628 jobs Skilled workers (57% of workers have a certificate to post graduate degree)07 Economic Drivers Strong Business and CollaborationBusinesses are the drivers of Economic prosperity and deliver regional investment, productivity and employment opportunities.

6 Partnerships between businesses, governments and the community will maximise the Economic Development of the region. Networking and collaboration between businesses will help address issues of scale when competing on a world following principles underpin the Board s thinking and are essential elements to achieving our vision for the regional economy, assisting Southern Adelaide to compete in a global marketplace and helping the region thrive. Premium Goods and ServicesSouthern Adelaide operates in a global economy which provides export and partnering opportunities for regional businesses.

7 Export focused businesses are open to new ideas, management practices, marketing techniques and employ competitive practices. Exporters have better growth prospects, are highly skilled, have highly productive staff and tend to adapt technology and best practice techniques faster. (Austrade)08 Smart EconomyEmbracing and harnessing the digital economy is critical to facilitating Economic growth, improving productivity and remaining competitive in a global economy. It will put us on the smart world map and help us to connect locally, nationally and globally.

8 Skills and EducationA highly skilled workforce is essential for a successful, modern regional economy, as is raising the education aspirations of our local population. This will ensure that as many people as possible are participants in, and beneficiaries of, Economic growth. InnovationInnovation is increasingly recognised as a driver of Economic growth. The Australian Innovation System Report, released by the Office of the Chief Economist in 2016, says: Innovation is a key driver of business competitiveness, Economic growth, and improved living standards.

9 Innovation-active businesses outperform non-innovation-active businesses, make up 45% of all employing businesses but contribute to over 60% of sales and employment. These businesses are 40% more likely to increase income and profitability, twice as likely to export and two to three times more likely to increase productivity, employment and training. Commitment to SustainabilityImproving the environmental performance and reducing the carbon intensity of businesses and industry positions the region to be a market leader in the clean technologies sector and helps ensure the long-term sustainability of the local economy.

10 Lifestyle Southern Adelaide offers an enviable lifestyle that attracts the best and brightest and enables visitors and residents to play and relax. Community Leadership By working together, businesses and the community can achieve Economic growth for the benefit of the Economic PrioritiesGrowth precinctsDevelop key mixed-use precincts across the Cities of Marion and Onkaparinga, linked by the Seaford/Tonsley electric rail lines and the north-south priorities lay the foundation for regional Economic growth over the next three approach to the visitor and lifestyle economy Work as a region to maximise the visitor experience and position Southern Adelaide as the destination of choice for domestic and international transport and infrastructure Develop and deliver an integrated regional approach to transport infrastructure and public transport business communityAdopt a regional approach to